Hickey Freeman sale approved by Bankruptcy Court judge

5:58 PM,
Dec. 19, 2012

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A U.S. Bankruptcy Court judge in New York City gave the go-ahead Wednesday for Authentic Brands Group LLC to purchase the parent company of Hickey Freeman, saving some 450 jobs in Rochester.

The move apparently allows the sale to proceed to its scheduled closing on Friday.

"With the strike of a gavel, Christmas is coming early for nearly 450 Rochester families who now have assurance that their jobs are safe," U.S. Sen. Charles Schumer, D-N.Y., said in a statement. "I look forward to working with Hickey Freeman's new owner, Authentic Brands Group, to keep the world's No. 1 suits made in ...